FOR IMMEDIATE RELEASE       

CONTACT: Lauren Williams – CUNA Communications; (202) 626-7642; lwilliams@cuna.coop    

Washington, DC (June 27, 2018) – Today, Credit Union National Association (CUNA) sent a letter to the Bureau of Consumer Financial Protection (BCFP) urging it to focus on making the regulatory changes required under the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155). The bill includes several provisions intended to enhance credit unions' ability to best serve their members and the organization recognizes that relief will not be realized until those provisions are implemented by the Bureau.

The letter also requests that the Bureau consider utilizing interim final rules to expedite the process of promulgating the S. 2155 changes. CUNA maintains the position that it is imperative credit unions and others are afforded the opportunity to provide input on these regulatory changes. Use of interim final rules provides the ability for such input while significantly decreasing the time until real relief is provided to affected lenders.

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About CUNA       

Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 110 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org.